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Bessent says Fed under Warsh will keep eye on AI's impact on employment
Feb 10 (Reuters) - The Federal Reserve under the leadership of Kevin Warsh, President Donald Trump's nominee for Fed chair, will be watching to ensure there's no "timing mismatch" on employment and productivity given rapid advances in artificial intelligence, U.S. Treasury Secretary ...Reuters
Tue, Feb 10
Denmark: Inflation slide boosts households – Nordea
Nordea’s Helge J. Pedersen notes that Danish inflation dropped sharply to 0.8% year-on-year in January, largely due to the government’s cut in electricity tax to the EU minimum. Core inflation also eased, and goods prices are now lower than a year ago.
Fxstreet
Tue, Feb 10
Marriott Exec says Higher-End Consumers Remain Resilient And Continue To Prioritize Spending On Experience And Travel Over Goods
Feb 10 (Reuters) - Marriott International Inc MAR.O:MARRIOTT EXEC: HIGHER-END CONSUMERS REMAIN RESILIENT AND CONTINUE TO PRIORITIZE SPENDING ON EXPERIENCE AND TRAVEL OVER GOODS-CONF. CALLMARRIOTT EXEC: ROBUST LEISURE TRENDS, AND CONTINUED INBOUND TRAVEL RECOVERY, HELPED REVPAR RETURN TO GROWTH IN Q4...Reuters
Tue, Feb 10
ECB: Policy rate seen steady through 2027 – Danske Bank
Danske Bank analysts note that for a fifth straight meeting the ECB kept its key policy rate at 2.00%, in line with expectations. President Lagarde emphasized strong labour markets and solid balance sheets, while downplaying sub‑target inflation and Euro strength.Fxstreet
Tue, Feb 10
US import prices unchanged year-on-year in December
WASHINGTON, Feb 10(Reuters) - U.S. import prices were unchanged on a year-on-year basis in December after falling 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.Last year's shutdown of the federal government prevented the collection of survey data for Oct...Reuters
Tue, Feb 10
US ADP Employment Change 4-week average declines for third week to 6.5K
The 4-week average of the US ADP Employment Change edged lower to 6.5K in the January 17, down from 7.75K previously. This marked the third consecutive weekly decline and the lowest level since the November 8 release, pointing to a gradual cooling in private-sector job creation momentum.
Fxstreet
Tue, Feb 10
French wine, spirits export volumes sink to at least 25-year low
Exports hit by US, Chinese duties and strong euro, exporters saySales to US fell 21% in value in 2025, down 20% to China Cognac exports plunge due to geopolitical tensionsChampagne exports edge higher in volume but down in valueBy Sybille de La Hamaide PARIS, Feb 10 (Reuters) - French wine and sp...Reuters
Tue, Feb 10
US Retail Sales remain unchanged at $735 billion in December
Retail Sales in the United States remained unchanged at $735 billion in December, the US Census Bureau reported on Tuesday. This print followed the 0.6% increase recorded in November and came in weaker than the market expectation for an increase of 0.4%.Fxstreet
Tue, Feb 10
US labor costs growth cools in fourth quarter
WASHINGTON, Feb 10 (Reuters) - Growth in U.S. labor costs unexpectedly slowed in the fourth quarter, leading to the smallest annual increase in 4-1/2 years, as softening demand for labor restrained wage gains. The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.7% last quar...Reuters
Tue, Feb 10
US retail sales unexpectedly flat in December
WASHINGTON, Feb 10 (Reuters) - U.S. retail sales were unexpectedly unchanged in December, putting consumer spending and the overall economy on a slower growth path heading into the new year. The flat reading in retail sales last month followed an unrevised 0.6% increase in November, the Commerce Dep...Reuters
Tue, Feb 10
US retail sales unexpectedly flat in December
WASHINGTON, Feb 10 (Reuters) - U.S. retail sales were unexpectedly unchanged in December, putting consumer spending and the overall economy on a slower growth path heading into the new year.The flat reading in retail sales last month followed an unrevised 0.6% increase in November, the Commerce Depa...Reuters
Tue, Feb 10
